Pelosi signals big spending package will shrink to $2 trillion

Pelosi signals big spending package will shrink to $2 trillion


Facing intractable opposition from party centrists, House Speaker Nancy Pelosi said Democrats will have to “make tighter decisions” on a massive social welfare spending package that is stalled in Congress.

Pelosi, a California Democrat, acknowledged in a press conference Tuesday that the $3.5 trillion package planned by Democrats will have to shrink to about $2 trillion, telling reporters, “The fact is there are fewer dollars to spend, there are choices to be made, and the members have said let’s get the results we need, but we will not diminish the transformative nature of what it is.”

Democrats are grappling with a standoff with centrists in their own party who want to slash the price tag to as low as $1.5 trillion.

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